Inflation based on the Wholesale Price Index was at a 25-month low of 1.08 per cent in August. There is no change in this compared to July. Wholesale inflation was 4.62 percent in the same period a year earlier, ie in August 2018. Before this, the figure of growth in retail inflation came.
The index for food articles group rose by 1.4 percent. 4% in the prices of spices and grains like jowar, ragi, barley, 3% in the prices of fruits and vegetables and pork meat, 2% in the prices of fish, wheat, maize, beef etc. and milk, rajma, paddy, mutton prices There has been an increase of 1 percent. Egg prices have fallen by 7 percent, tea by 2 percent and chicken prices by 1 percent.
Earlier in July, the wholesale inflation was at 1.08 percent. In July, there was a decrease in the wholesale price of fuel and electricity. Earlier in June, the wholesale inflation rate was 2.02 percent. A year ago, in July 2018, the WPI was 5.27 per cent.
Retail Inflation was up
Earlier, it was told in the figures that the retail inflation rate has increased to 3.21 percent in August, which is the highest level of 10 months. Last year in August 2018, the retail inflation rate was 3.69 percent. Compared to its previous month’s retail inflation, inflation has also increased. The retail inflation rate in July was 3.15 percent. However, the inflation rate is still within the target (4 per cent) set by the Reserve Bank.